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Paraguay - Gross domestic product based on purchasing-power-parity in current prices

88.91 (billion international dollars) in 2017

In 2017, GDP based on PPP for Paraguay was 88.91 billion international dollars. Between 1998 and 2017, GDP based on PPP of Paraguay grew substantially from 33.84 to 88.91 billion international dollars rising at an increasing annual rate that reached a maximum of 12.44 % in 2010 and then decreased to 6.75 % in 2017.

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What is GDP based on PPP?

GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

What is Paraguay GDP based on PPP?

Date Value Change, %
2017 88.91 6.75 %
2016 83.29 5.45 %
2015 78.98 4.18 %
2014 75.81 6.84 %
2013 70.95 10.32 %
2012 64.32 1.37 %
2011 63.45 6.43 %
2010 59.62 12.44 %
2009 53.02 0.50 %
2008 52.76 8.43 %
2007 48.65 8.25 %
2006 44.95